BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
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MPC stand for
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Marginal Propensity to Consume
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Magical Proportion of Consumption
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Marginal Potential to Consume
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Marginal Propensity of Consumers
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Explanation:
Detailed explanation-1: -What Is Marginal Propensity to Consume (MPC)? In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
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